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PS - Marathon advances Delaware Basin development & delineation - February 19, 2020

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Early development of the Upper Wolfcamp in Marathon Oil’s Malaga area in Eddy County, New Mexico, yielded strong results last year. Twenty-two wells in the 2019 program achieved a 30% improvement in initial 30-day rates compared with 2018, flowing an average 1,780 boe/d (63% oil), or 370 boe/d per 1,000 ft. These increases were achieved at D&C costs that were 15% lower than for the 2018 wells. The company also has completed three Bone......
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